The head of the Virtue Ammar Tohme: adoption of the budget estimate an inflated price for the sale of oil which increases the actual deficit for the budget

2015-12-16 22:13:00 | (Voice of Iraq) - Baghdad

Basma Almighty

The head of the Virtue Ammar Tohme: adoption of the budget estimate an inflated price for the sale of oil which increases the actual deficit for the budget

Notes below a set budget that about 2016

1. included the general budget for 2016 rely on an inflated price and difficult to realistically achieved, as the price-based (45) far from the expected price for 2016, which means increasing the deficit and reach very high levels.

2. Adoption of foreign borrowing as a source of financing the budget deficit amounting to nearly five billion dollars and we have suggested in the discussion of the budget provision of alternatives for external borrowing by encouraging and stimulating citizen of the Optional benefits of encouraging savings.

3. Add the authority granted budget allocations by 2.3 t for the defense and interior ministries through the issuance of treasury transfers from state employees retirement fund, and this disturbing step affect the balance of the pension fund, especially with the decline from previous years.

4. included a budget constraint and a requirement on the Ministry of Finance in emergency exchange reserves to provide a quarterly report the expenses of emergency reserves to parliament for its scrutiny and oversight of these positive step.

5. Standard population ratio did not adopt a precise manner in the distribution of financial resources to the provinces.

It was supposed to adopt the standard of parliamentary representation for each province equal to the proportion of the population to achieve realistic largest in the distribution at the provincial standard.

6. settlement of dues between the province and the federal government from 2004 to 2015 the adoption of the Office of Financial Supervision of the previous 2014 reports provide a clear detection of the extent of compliance and details of imports and how much of it was handed over to the center.

7. give priority to contractors appointment of university graduates (master's and doctoral) and precedence and are calculated according to a contractual period of service for purposes of retirement.

8. Add the allocations for the purpose of extinguishing the predecessor installed from 2008 to 2015 stipulated that the budget Add to authenticate the Council of Ministers and the Parliament should be authenticated and is limited on the advances disbursed in accordance with the applicable law and not disbursed on the basis of the resolutions of the Council of Ministers.

9. Parliament has not ratified the proposed infrastructure projects on the basis of payment on credit.

10. Compel the federal government and the provincial government when an increase in exported quantities mentioned in Article 1 b of the first budget bill actually deliver specialized public treasury revenue for the state to account.

11. Despite repeated alerted to refuse the deduction of any portion of the salaries of employees and retirees, but we did not succeed to cancel this article, and we raised about alternative resources to provide extra revenue.

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